NOT LISTED FOR SALE

261 Lafayette Ave Passaic, NJ 07055

Estimated Value: $801,000 - $858,000

-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Last Sold February 21, 2023

Last sale price $635,000

Est. 30% increase in value since last sale

Current estimated payment $5,630/month

266 Days on Market

About This Home

As of February 2023

This home is located at 261 Lafayette Ave, Passaic, NJ 07055 since 19 April 2021 and is currently estimated at $828,425. 261 Lafayette Ave is a home located in Passaic County with nearby schools including Passaic High School # 12, Ybh Of Passaic-Hillel, and Collegiate School.

Last Agent to Sell the Property

LUIS SANCHEZ

LUIS SANCHEZ REALTY LLC Brokerage Phone: 973-405-6900 Listed on: 04/19/2021

Last Buyer's Agent

LUIS SANCHEZ

LUIS SANCHEZ REALTY LLC Brokerage Phone: 973-405-6900 Listed on: 04/19/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,214

Lot Details

  • 6,534 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,214

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 5064291
  • Attribution Contact: 973-405-6900
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 53X128
  • Total Acres: 0.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2025
Sold by
Valette Luis E and Gaton Juan
Bought by
Valette Luis E and Gaton Juan
Current Estimated Value
$828,425

Purchase Details

Listed on
Apr 19, 2021
Closed on
Feb 2, 2023
Sold by
Gandhi Vipul Kumar and Gandhi Jagruti
Bought by
Valette Luis E and Gaton Juan
Seller's Agent
LUIS SANCHEZ
LUIS SANCHEZ REALTY LLC
Buyer's Agent
LUIS SANCHEZ
LUIS SANCHEZ REALTY LLC
List Price
$719,000
Sold Price
$635,000
Premium/Discount to List
-$84,000
-11.68%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Original Mortgage
$638,226
Interest Rate
6.15%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2001
Sold by
Jashuben Rana
Bought by
Gandhi Vipul and Gandhi Jagruti
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Valette Luis E -- Champion Title
Valette Luis E -- Champion Title
Valette Luis E $650,000 Champion Title
Valette Luis E $650,000 Champion Title
Gandhi Vipul $90,000 --
Gandhi Vipul $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valette Luis E $638,226
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $635,000 -11.7% --
01/10/2022 01/10/22 Pending -- -- --
04/19/2021 04/19/21 For Sale $719,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,214 $369,000 $82,800 $286,200
2024 $14,775 $369,000 $82,800 $286,200
2022 $14,332 $369,000 $82,800 $286,200
2021 $13,874 $369,000 $82,800 $286,200
2020 $13,767 $369,000 $82,800 $286,200
2019 $13,568 $369,000 $82,800 $286,200
2018 $13,277 $369,000 $82,800 $286,200
2017 $12,867 $369,000 $82,800 $286,200
2016 $12,428 $369,000 $82,800 $286,200
2015 $14,162 $187,000 $52,900 $134,100
2014 $13,902 $187,000 $52,900 $134,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    LUIS SANCHEZ

    LUIS SANCHEZ REALTY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3705892

Garden State MLS

APN: 07-03228-0000-00033

New Jersey Passaic County Passaic 07055

261 Lafayette Ave, Passaic, NJ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes